J.B. Hunt Transport Services (NASDAQ:JBHT) Sets New 52-Week Low at $159.11

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The company traded as low as $159.11 and last traded at $159.19, with a volume of 91083 shares. The stock had previously closed at $164.10.

Analysts Set New Price Targets

JBHT has been the subject of a number of research analyst reports. Barclays reduced their target price on J.B. Hunt Transport Services from $200.00 to $170.00 and set an "equal weight" rating for the company in a report on Wednesday, April 17th. Benchmark reissued a "buy" rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 17th. Susquehanna cut their price target on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 17th. Robert W. Baird dropped their target price on J.B. Hunt Transport Services from $215.00 to $205.00 and set an "outperform" rating on the stock in a report on Wednesday, April 17th. Finally, Stifel Nicolaus reduced their price target on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a "hold" rating for the company in a research report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of "Moderate Buy" and a consensus target price of $194.24.

J.B. Hunt Transport Services Stock Down 2.9 %

The stock's fifty day simple moving average is $180.65 and its two-hundred day simple moving average is $190.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $16.45 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.22 and a beta of 1.17.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.31). The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.12 billion. J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. On average, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.61 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.43 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.72 annualized dividend and a dividend yield of 1.08%. J.B. Hunt Transport Services's payout ratio is currently 27.30%.

Insider Activity

In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer bought 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $1,014,950. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Alfred C. Harper sold 6,500 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the sale, the insider now owns 42,411 shares of the company's stock, valued at $9,021,243.81. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patrick J. Ottensmeyer acquired 5,000 shares of the business's stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the acquisition, the director now owns 5,000 shares of the company's stock, valued at $1,014,950. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 15,454 shares of company stock valued at $3,283,219. Insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Panagora Asset Management Inc. acquired a new stake in J.B. Hunt Transport Services during the third quarter valued at approximately $344,000. Teacher Retirement System of Texas raised its position in shares of J.B. Hunt Transport Services by 95.8% during the third quarter. Teacher Retirement System of Texas now owns 17,666 shares of the transportation company's stock worth $3,330,000 after purchasing an additional 8,643 shares during the period. New Mexico Educational Retirement Board lifted its holdings in shares of J.B. Hunt Transport Services by 7.5% during the third quarter. New Mexico Educational Retirement Board now owns 4,300 shares of the transportation company's stock valued at $811,000 after purchasing an additional 300 shares during the last quarter. M&T Bank Corp boosted its position in shares of J.B. Hunt Transport Services by 3.1% in the 3rd quarter. M&T Bank Corp now owns 4,285 shares of the transportation company's stock valued at $807,000 after purchasing an additional 129 shares during the period. Finally, Empirical Finance LLC increased its stake in J.B. Hunt Transport Services by 10.5% in the 3rd quarter. Empirical Finance LLC now owns 2,902 shares of the transportation company's stock worth $547,000 after purchasing an additional 276 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.